HomeMy WebLinkAboutCC RESO 11,931RESOLUTION NO. 11,931
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL
CITY, CALIFORNIA ESTABLISHING A HOUSING ASSISTANCE AREA
WITHIN WHICH HOME IMPROVEMENT LOANS MAY BE MADE,
APPROVING SUCH HOME IMPROVEMENT LOAN PROGRAM, AND
AUTHORIZING, ON BEHALF OF THE CITY, THE EXECUTION BY THE
COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF AN
AGREEMENT BETWEEN THE COMMUNITY DEVELOPMENT COMMISSION
AND THE BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION TO IMPLEMENT SUCH HOME IMPROVEMENT LOAN
PROGRAM
WHEREAS, the City Council of the City of National
City, California and the Community Development Commission
of the City of National City, California wish to engage in
a Home Improvement Loan
Program within a Housing Assistance
Area as part of the Community Development Block Grant Program
of the City as prepared pursuant to the U.S. Housing &
Community Development Act of 1974 by the Community Development
Commission of the City of National City, and
WHEREAS, the City Council wishes to establish a
Housing Assistance Area, meaning the area within which such
Home Improvement Loans would be authorized to be made, and
WHEREAS, the Community Development Commission has
prepared a Home Improvement Loan Program which is contained
in a document entitled "Home Improvement Loan Program within
the Housing Assistance Area, National City, California"
dated December 16, 1975 and consisting of 11 pages, and
WHEREAS, the City's Citizens' Committee for
Community Development at its meeting held December 10, 1975
recommended approval of such Housing Assistance Area and
approval of such Home Improvement Loan Program to the
City Council.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. A Housing Assistance Area as shown on Exhibit
dated December 16, 1975, attached hereto and incorporated
H AID
by reference herein, is hereby established;
2. The home improvement loan program contained
certain document entitled "Home Improvement Loan
in that
Program within the Housing Assistance Area, National City,
California", consisting of eleven pages and dated December
16, 1975 is hereby approved and adopted, and
3. The City Council hereby authorizes the
Community Development Commission to execute, on behalf
of the City and the Community Development Commission,
that certain Agreement between the Community Development
Commission of the City of National City, California and
the Bank of America National Trust and Savings Association
dated December 16, 1975, to implement such home improvement 1
loans within said Housing Assistance Area.
PASSED AND ADOPTED this 16th day of December,
1975.
ATTEST: